Larson Financial Group LLC Has $1.77 Million Stock Position in Main Street Capital Co. (NYSE:MAIN)

Larson Financial Group LLC lifted its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,973 shares of the financial services provider’s stock after buying an additional 263 shares during the period. Larson Financial Group LLC’s holdings in Main Street Capital were worth $1,771,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Tudor Investment Corp Et Al acquired a new position in Main Street Capital in the 3rd quarter worth about $6,538,000. Van ECK Associates Corp increased its holdings in Main Street Capital by 12.4% in the 3rd quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider’s stock worth $32,709,000 after purchasing an additional 88,802 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Main Street Capital by 133.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 104,526 shares of the financial services provider’s stock worth $4,247,000 after purchasing an additional 59,727 shares in the last quarter. DnB Asset Management AS acquired a new position in Main Street Capital in the 3rd quarter worth about $2,068,000. Finally, Adell Harriman & Carpenter Inc. increased its holdings in Main Street Capital by 20.1% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 274,615 shares of the financial services provider’s stock worth $11,158,000 after purchasing an additional 46,010 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Up 1.0 %

MAIN stock traded up $0.46 during trading on Tuesday, reaching $48.62. 158,437 shares of the stock were exchanged, compared to its average volume of 353,301. The firm’s 50 day moving average is $46.25 and its 200 day moving average is $43.59. Main Street Capital Co. has a twelve month low of $37.70 and a twelve month high of $48.69. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. The firm has a market cap of $4.13 billion, a P/E ratio of 9.30 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. As a group, research analysts forecast that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a $0.30 dividend. The ex-dividend date was Tuesday, March 19th. This is an increase from Main Street Capital’s previous dividend of $0.24. This represents a dividend yield of 8.37%. Main Street Capital’s dividend payout ratio is 55.17%.

Wall Street Analysts Forecast Growth

MAIN has been the topic of a number of analyst reports. B. Riley lowered Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research report on Monday, January 8th. Truist Financial upped their price target on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, February 26th. UBS Group upped their price target on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada upped their price target on Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Finally, Oppenheimer upped their price target on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.50.

Main Street Capital Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.